Wazzup Pilipinas!
With the growing popularity of Bitcoin in the Philippines, experts from leading secure content and threat management solutions developer Kaspersky Lab urged Filipinos to learn its benefits and risks before using the online currency.
Bitcoin is a digital crypto-currency or a virtual currency in the form of a cryptographic string of characters instead of a printed bill or a minted coin.
Bitcoin transactions are fast, taking around only 10 minutes to verify a transaction. It’s also cheap as it liberates users from the need to maintain or pay for processing fees to a credit card company.
It can be transferred to another person from halfway around the world in minutes and can be converted to traditional currencies on various exchanges at any given time.